MetaPool is the first liquid staking solution on @NEARProtocol
By staking your $NEAR, it allows you to get liquid stNEAR to use it in DeFi as collateral or to provide liquidity while you are earning staking rewards with a ~10.77% APY
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π How does liquid staking work?
1. Deposit $NEAR into MetaPool 2. Receive stNEAR (staked-NEAR) 3. MetaPool distributes your tokens across validators 4. Rewards accumulate in the form of appreciated stNEAR value 5. Use stNEAR in DeFi applications
@FinanceOin allows you to mint their stablecoin $nUSDO by backing it with stNEAR
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3β£ Provide liquidity
- stNEAR - NEAR directly in the MetaPool app for 15.88% APY
- stNEAR - wNEAR in @finance_ref for 19.17% APR
- stNEAR - xTRI on @trisolarislabs for 81% APR
- stNEAR - META on @finance_ref for 65% APY
You can of course combine several strategies
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πͺ The $META token
$META is the native governance token and in Phase III there will be a dividend-pool that will allow $META owners to burn $META to obtain stNEAR π₯
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πAllocation
Max supply = 1B
Founders: 30%
Team & advisors: 2.6%
Investors: 10%
Venture rounds: 10%
Community & treasury: 57.4%
*The Meta team hasn't made any pre-sale before the launch so the entire project was funded by the founders
As you can see the Mcap/TVL ratio for Lido is pretty small but $META is undervalued by a factor of x4.43 in comparison to $LDO
With only $133M in TVL and $NEAR popularity growing, we can expect more use cases for stNEAR which will boost Metapool's TVL
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Maybe you can use stNEAR to mint $USN & earn 20% APR. That'd massively boost Metapool's TVL
Due to (1) $NEAR narrative, (2) only liquid staking solution & future TVL growth, (3) comparison with $LDO and (4) use case speculation, I think $META is highly undervalued at < $2M
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If Metapool captures $1B TVL and $META's Mcap / TVL = $LDO's ratio of 0.06 --> $META should have a Mcap of $60M and a price of $3.15 per token
Even with supply increasing, (META is inflationary due to incentive rewards) I don't see a scenario where $META can't do a x10
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COMPILATION | BEST DELTA NEUTRAL & STABLECOIN STRATEGIES ON #DeFi π¦π΅
I'll be compiling here the best passive strategies on #crypto with the challenge of beating the 19.5% APY obtained with $UST on @anchor_protocol
Please feel free to add the ones you use!
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What is delta neutral?
π It's a strategy utilizing multiple positions with balancing positive & negative deltas so that the overall delta of the assets in question totals zero
In other words: you are not affected by the direction of the asset and always get an interest
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Given this definition, I'll also include stablecoin strategies since you are not subject to volatility and aren't affected by the market direction
Example: earn some interest by lending $USDC
Remember: the goal is to earn passive income while keeping the value of your bag